Due to Officers

The Company borrows funds from Daniel Thompson who is a Shareholder and Officer of the Company. The terms of repayment stipulate the loans are due twenty-four (24) months after the launch of the Legacy Tuition Card (or prior to such date) at an annual interest rate of six (6) percent. In addition, the Company has an employment agreement with Daniel Thompson whereby the Company provides for compensation of $25,000 per month. A total salary of $75,000 was accrued and reflected as an expense to Daniel Thompson during the three months ended March 31, 2013.  The total balance due to Daniel Thompson for accrued salaries, advances, and accrued interest, at March 31, 2013 and December 31, 2012, was $323,162 and $281,462, respectively.

The Company has an employment agreement with the Company President whereby the Company provides for compensation of $15,000 per month. A total salary of $45,000 was accrued and reflected as an expense during the three months ended March 31, 2013.  The total balance due to the President for accrued salaries at March 31, 2013 and December 31, 2012, was $289,500 and $244,500, respectively.

The total balance due others for accrued salaries at March 31, 2013 and December 31, 2012, was $55,000 and $55,000, respectively.

Accounts Payable- Related Party

At March 31, 2013 and December 31, 2012 the Company had amounts payable to a related party of $273,565 and $273,565, respectively, for professional services rendered.

Notes Payable – Related Party

The Company has entered into several loan agreements with related parties (see note 3).